| Winston Court Hunstanton (2003) Limited |
| Registered number: |
04919760 |
| Balance Sheet |
| as at 30 June 2023 |
|
| Notes |
|
|
2023 |
|
|
2022 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
17,285 |
|
|
17,285 |
|
| Current assets |
| Debtors |
4 |
|
309 |
|
|
2,097 |
| Cash at bank and in hand |
|
|
- |
|
|
7,871 |
|
|
|
309 |
|
|
9,968 |
|
| Creditors: amounts falling due within one year |
5 |
|
(17,594) |
|
|
(21,131) |
|
| Net current liabilities |
|
|
|
(17,285) |
|
|
(11,163) |
|
| Net assets |
|
|
|
- |
|
|
6,122 |
|
|
|
|
|
|
|
|
| Represented by |
| Income and expenditure account |
|
|
|
- |
|
|
6,122 |
|
| Participators funds |
|
|
|
- |
|
|
6,122 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The income and expenditure account has not been delivered to the Registrar of Companies. |
|
|
|
|
| C Lynch |
| Director |
| Approved by the board on 26 January 2024 |
|
| Winston Court Hunstanton (2003) Limited |
| Notes to the Accounts |
| for the year ended 30 June 2023 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Change in accounting policy |
|
The company acts as trustee of a statutory trust in respect of service charge monies collected for the maintenance of the common parts in accordance with the lease. The company has changed its accounting policy to exclude these funds from the company's accounts as separate service charge accounts are prepared and certified. |
|
|
Service charges |
|
The company is responsible for the management of the common parts in accordance with the lease and collects service charges from lessees in order to fund expenditure incurred in the management of the property. These service charge funds are held in trust for the lessees as required by the Landlord & Tenant Act 1987. Transactions relating to the management of the property are reported separately to the lessees and are excluded from the company's financial statement. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
| 2 |
Employees |
2023 |
|
2022 |
| Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 July 2022 |
17,285 |
|
At 30 June 2023 |
17,285 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 30 June 2023 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2023 |
17,285 |
|
At 30 June 2022 |
17,285 |
|
|
|
|
|
|
|
|
|
|
The directors consider the freehold reversionary interest to be equivalent value to the cost. |
|
|
| 4 |
Debtors |
2023 |
|
2022 |
| £ |
£ |
|
|
Maintenance charges in arrears |
- |
|
60 |
|
Other debtors |
309 |
|
2,037 |
|
|
|
|
|
|
309 |
|
2,097 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
| £ |
£ |
|
|
Service charges in advance |
- |
|
2,801 |
|
Other creditors |
17,594 |
|
18,330 |
|
|
|
|
|
|
17,594 |
|
21,131 |
|
|
|
|
|
|
|
|
|
|
|
Included in the other creditors is the sum of £17,594 which is owing to the 8 members of the company in equal shares and represents loans advanced to the company to facilitate the purchase of the freehold. The loans were advanced without confirmation of terms of repayment and are unsecured. |
|
| 6 |
Controlling party |
|
|
The directors do not consider there to be an ultimate controlling party. |
|
|
| 7 |
Other information |
|
|
Winston Court Hunstanton (2003) Limited is a private company limited by guarantee and incorporated in England. Its registered office is: |
|
|
8 Kilby Drive |
|
Wigston |
|
LE18 3SR |
